But trade was suspended within 48 hours when Bitcoin Cash prices started inexplicably rising. Coinbase have also launched an internal inquiry into the matter.

“It appears the price of Bitcoin Cash on other exchanges increased in the hours before our announcement,” said Armstrong.

“If we find evidence of any employee or contractor violating our policies - directly or indirectly - I will not hesitate to terminate the employee immediately and take appropriate legal action.”

Dark Web Bitcoin worries triggered by research

Bitcoin Cash is trading at a new high of $2,735 – up 24.5% in 24 hours.

Meanwhile, the price of Bitcoin plunged $1,000 in less than an hour as US stock exchange regulator the Securities and Exchange Commission suspended trading in shares of The Crypto Company, partly on concerns of stock manipulation. Bitcoin fell from $17,929 to $16,912.

CME Bitcoin futures expiring in January settled 4.7% lower at $18,200 in their second day of trading. The Cboe Bitcoin futurescontract settled 7.9% lower at $17,555.

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